The May 2024 statistics from The Real Estate Institute of New Zealand have been released. REINZ Chief Executive Jen Baird commented ‘The market shows a general theme of more this month with higher sales counts, increased stock levels, more listings, and properties selling more quickly than a year ago.’

382 sales were recorded in the Bay of Plenty, with the median sale price increasing 2.8% year-on-year to $817,500.

In the Waikato, the volume of sales increased 14.4% compared to May 2023, with 650 sales last month. The median sale price decreased -2% to $730,000.

Northland reported 169 sales for May, a 9.7% increase year-on-year. In Whangarei, the median sale price decreased -5.9% year-on-year to $602,000.

For more information on market activity in your area, download our latest Market Update reports below:

Download the Bay of Plenty Market Update

Download the Waikato Market Update

Download the Whangarei Market Update